AJ Bell (LON:AJB) Sets New 12-Month High at $464.00

AJ Bell plc (LON:AJB)’s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 464 ($5.97) and last traded at GBX 451.38 ($5.81), with a volume of 626360 shares traded. The stock had previously closed at GBX 452 ($5.81).

Wall Street Analysts Forecast Growth

AJB has been the subject of several research analyst reports. Jefferies Financial Group downgraded shares of AJ Bell to a “hold” rating and set a GBX 361 ($4.64) price target for the company. in a research report on Friday, May 3rd. Berenberg Bank increased their price objective on shares of AJ Bell from GBX 370 ($4.76) to GBX 410 ($5.27) and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, Shore Capital reissued a “buy” rating on shares of AJ Bell in a research note on Thursday, May 23rd.

AJ Bell Stock Performance

The firm’s 50 day moving average price is GBX 393.92 and its two-hundred day moving average price is GBX 342.34. The company has a debt-to-equity ratio of 6.44, a quick ratio of 7.16 and a current ratio of 3.75. The firm has a market cap of £1.91 billion, a PE ratio of 2,295.00, a PEG ratio of 5.73 and a beta of 0.88.

AJ Bell Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 6th were given a dividend of GBX 4.25 ($0.05) per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a dividend yield of 1.17%. AJ Bell’s payout ratio is currently 6,000.00%.

Insider Buying and Selling

In related news, insider Michael Thomas Summersgill sold 119,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of GBX 393 ($5.06), for a total transaction of £467,670 ($601,582.20). In other AJ Bell news, insider Michael Thomas Summersgill sold 119,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of GBX 393 ($5.06), for a total transaction of £467,670 ($601,582.20). Also, insider Julie Chakraverty bought 17,385 shares of AJ Bell stock in a transaction on Friday, July 26th. The shares were acquired at an average price of GBX 431 ($5.54) per share, for a total transaction of £74,929.35 ($96,384.55). In the last quarter, insiders purchased 17,505 shares of company stock valued at $7,537,800. Company insiders own 30.58% of the company’s stock.

AJ Bell Company Profile

AJ Bell plc, through its subsidiaries, operates investment platforms in the United Kingdom. The company offers AJ Bell Investcentre, which offers advisers and clients service, easy-to-use functionality, and a comprehensive investment range at competitive prices; and AJ Bell, an investment platform. It also provides Touch by AJ Bell, an investment platform which help advisers to streamline their businesses with investment solutions delivered and managed digitally on their clients' smartphones; and Dodl by AJ Bell, an investment app.